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A battle is under way for the future of Ohio’s $94 billion teacher pension fund. The State Teachers Retirement System of Ohio is facing intense scrutiny, including state investigations and a lawsuit. Would-be reformers are attempting to deliver long-promised benefits to retirees, but the governor and attorney general say they enlisted the help of an aggressive and untested investment firm with its eyes on AI-driven trading. Wall Street and the pension fund's half a million members are watching the drama unfold. A special meeting has been called for Thursday, where next steps could b...

A battle is under way for the future of Ohio’s $94 billion teacher pension fund. The State Teachers Retirement System of Ohio is facing intense scrutiny, including state investigations and a lawsuit. Would-be reformers are attempting to deliver long-promised benefits to retirees, but the governor and attorney general say they enlisted the help of an aggressive and untested investment firm with its eyes on AI-driven trading. Wall Street and the pension fund's half a million members are watching the drama unfold. A special meeting has been called for Thursday, where next steps could b...

The future of Ohio’s $94 billion teacher pension fund is uncertain. The State Teachers Retirement System of Ohio faces scrutiny, state investigations and a lawsuit.

State budgets are on track for modest growth even as federal fiscal recovery funds wane, pension underfunding persists and AI promises (or threatens) to change everything.

State lawmakers will be rushing to address crime, AI, housing and a host of other issues – including growing budget gaps – ahead of elections this year.